XBT Weekly Chart, Overall downtrend broken ?
Updated
Looking at my weekly analysis on Bitcoin, The downtrend has been strong since the last bull run in 2017 early 2018 we are at touch 3 now at the overall trend line which has acted as resistance,
But I don't see a strong rejection here comparing last run ups to the trend line (B) and (D) Is this the start of the next bull run ?
Will bitcoin be a safe haven along side bullion?, As the federal reserve have money machines working over time, people will be afraid leaving their wealth in cash as inflation kicks in.
Will retail investors FOMO in again pushing price to new all time highs ?
Hope you enjoyed my bitcoin analysis
But I don't see a strong rejection here comparing last run ups to the trend line (B) and (D) Is this the start of the next bull run ?
Will bitcoin be a safe haven along side bullion?, As the federal reserve have money machines working over time, people will be afraid leaving their wealth in cash as inflation kicks in.
Will retail investors FOMO in again pushing price to new all time highs ?
Hope you enjoyed my bitcoin analysis
Note
well this played out to a T
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